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Regulation 154 InterpretationI1

England and Wales Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In this Part—

  • “amount set aside” means any amount for the time being set aside by a local authority (whether voluntarily or pursuant to a requirement under Part IV of the Act) as provision to meet credit liabilities;

  • “Health Authority” means an authority established by order under section 8 of the National Health Authorities Act 1977 (Health Authorities)f1;

  • “relevant date” shall be construed in accordance with section 64(4);

  • “relevant expenditure”, in relation to the transfer of an amount set aside, means the expenditure which is to be met by the amount transferred; and

  • “Special Health Authority” means a body established by order under section 11 of the National Health Authorities Act 1977 (Special Health Authorities)f2.

(2)

For the purposes of this Part, a local authority are a relevant authority if—

(a)

on the relevant date for any financial year, their credit ceiling, as determined under Part III of Schedule 3 to the Act, is a negative amount; and

(b)

they have no money outstanding by way of borrowing other than disregarded borrowing within the meaning given to that expression in regulation 65.

Annotations

Commencement

I1

Reg. 154 in force at 1.4.1997, see reg. 1(1)(b)

Footnotes

f1

1977 c. 49 Section 8 was substituted by section 1(1) of the Health Authorities Act 1995 (c. 17). Health Authorities were established in England by the Health Authorities (England) Establihment Order 1996 (S.I. 1996/624), and in Wales by the Health Authorities (Wales) Establisment Order 1996 (S.I. 1996/146).

f2

Section 11 was amended by section 2(1) of, and paragraphs 1 and 2 of Part I of Schedule 1 to, the Health Authorities Act 1995.